17 oil explorers renege on work commitment



ISLAMABAD: The Public Accounts Committee on Wednesday was left in a state of disbelief when it was informed that as many as 17 Exploration and Production [E&P] companies obtained licences for exploration in 40 blocks, during the previous government, but did nothing to honour the agreement in over a decade.

Energy crisis was one of the major issues faced by the previous Pakistan Peoples Party government during its tenure.

Shell to lose $1billion contract as Qatar offers Pakistan lower price

The committee was informed that despite being given licences nothing was done for over a decade. Moreover, the ministry failed to take action against its officials for the negligence till date.

Secretary Ministry of Petroleum and Natural Resources Arshad Mirza told the committee that a number of companies had gone to court and obtained stay orders.

“How could a judge grant a stay order for not working for 19 years,” questioned PAC chairman Syed Khursheed Shah, adding that it could only happen if the judge was ignorant or the lawyers incompetent to plead the case.

Pakistan’s second LNG terminal to be built at Karachi’s Port Qasim

Shah directed all the ministries to submit a list of their respective cases pending before the courts. In addition, he directed for a special meeting with the secretaries finance and law, auditor general and attorney general to find a way out of litigation.

The PAC chairman also directed the ministry to fix responsibility for negligence and report in 30 days. The committee discussed audit reports of the Ministry of Petroleum and Natural Resources for the year 2013-14.

Original news : http://tribune.com.pk/story/1164998/17-oil-explorers-renege-work-commitment/